A New Economy — Energy Backed

TerraGreen
1 min readMar 26, 2019

TerraGreen with all its efforts in introducing world with a New Economy which is Energy Backed. The energy will be tokenized and will be saved in the form of Energy Token. In this way, TerraGreen will be responsible for the generation and security of renewable energy with the help of renewable energy producers. The token backed by real energy will be security.

How is it possible?

Let’s study in short yet detail about this process, how it works and what exactly it is?

Every energy token symbolizes 1 kWh of energy to be produced in a specific time frame in the future. Once the renewable energy producer joins TerraGreen Platform, the token holder receives tokenized energy or energy tokens.

Renewable energy producers can pre-sell their production in a global market and obtain necessary capital, increasing the worth of projects.

Investors get better investment terms in simple words lower costs and higher liquidity, also access to projects related to green energy around the world in a standardized way. Such developments create green energy an attractive asset class.

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TerraGreen

TerraGreen is a blockchain based renewable energy platform that renovates the future of Renewable Energy. https://terragreen.io/